Snap Inc announced CFO Derek Andersen will exit, with his last day slated for May 8, 2026, citing new opportunity.
Doug Hott, 53, currently VP of Finance, Strategy & Corporate Development since July 2024, will assume the CFO role.
Hott’s background includes a B.S. in Physics, M.S. in Astrophysics and an M.B.A., with no family ties or related transactions disclosed.
The announcement was released by Reuters on April 21, 2026, and confirms no disagreement over accounting or strategy.